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Solomon Islands

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
20.7
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.01
0
0.01

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Trade.Gov Fact Sheet

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Sunday, April 20, 2025, here's the latest information regarding tariffs related to the Solomon Islands: Solomon Islands' Overall Tariff Rates: The applied tariff rate (weighted mean for all products) for the Solomon Islands was reported at 20.66% in 2022.   However, more recent data indicates a simple average MFN (Most Favored Nation) applied tariff of 9.6% in 2022. The trade-weighted MFN average in 2018 was 7.9%. These figures suggest that while some tariffs might be high, the average applied rate could be lower depending on the specific products and trading partners.   In 2021, the applied tariff rate (weighted mean) was 14.31%, a slight increase from 13.62% in 2020. Impact of US Tariffs on Solomon Islands: The 10% tariff imposed by the United States on all countries is expected to have a minimal direct impact on the Solomon Islands. Trade between the Solomon Islands and the United States is relatively small, ranging between USD $2 million and $5 million annually. The primary export from the Solomon Islands to the U.S. is believed to be kava. However, the Solomon Islands is likely to feel indirect effects as some of its major development partners face much higher tariffs from the U.S., which could affect their economic development and their ability to provide support. Trade Policies and Agreements: The Solomon Islands' trade policy aims to build the productive capacity of its economy through sustainable trade and investment, promoting human development and reducing poverty.   The country is a member of the World Trade Organization (WTO) since 1996 and participates in several regional trade agreements, including the Melanesian Spearhead Group Trade Agreement, the Pacific Island Countries Trade Agreement (PICTA), and the South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA).   Solomon Islands has also signed an interim Economic Partnership Agreement with the European Union and a similar agreement with the United Kingdom, which will prevent tariff increases in these markets following its scheduled graduation from the list of Least Developed Countries (LDCs) in December 2027.   Finding Specific Tariff Rates: For detailed tariff schedules, you may need to consult the Customs and Excise Division of the Solomon Islands government. They have an ""Online Tariff"" section on their website, although the direct link to the schedule wasn't readily available in the search results. The WTO Tariff Profiles provide comprehensive information on tariffs imposed by various economies, including the Solomon Islands.   The World Bank's WITS (World Integrated Trade Solution) database may also offer specific tariff data, including MFN and applied tariffs for different products and trading partners.   In summary, while the Solomon Islands has its own tariff structure with average applied rates fluctuating between around 9% and 21% in recent years, the direct impact of the latest broad US tariffs on the Solomon Islands is expected to be minimal due to the small trade volume between the two nations. However, indirect effects through impacted development partners are a concern. For specific tariff rates on particular goods, consulting the Solomon Islands' customs authorities or international trade databases like WITS is recommended."

US Negotiation Strategy

Based on the latest available data (primarily from 2024 and some earlier data where 2024 specifics aren't available), the top imports to the US from the Solomon Islands include: Oil seed, oleagic fruits, grain, seed, fruits ($488.70K in 2024): This likely includes various types of nuts, seeds, and fruits. Products of animal origin ($216.24K in 2024): This is a broad category and could include items like honey or other animal byproducts. Commodities not specified according to kind ($167.22K in 2024): This category is a catch-all for goods that don't fit neatly into other classifications. Live animals ($135.15K in 2024): This suggests imports of certain types of live animals. Tanning, dyeing extracts, tannins, derivatives, pigments ($119.70K in 2024): These are materials used in various industrial processes. Fish, crustaceans, molluscs, aquatics invertebrates ($116.04K in 2024): This indicates imports of seafood. Coffee, tea, mate and spices ($128.43K in 2023): Imports of these agricultural products. Vegetable, fruit, nut food preparations ($34.09K in 2024): Processed food items made from these ingredients. Miscellaneous edible preparations ($25.14K in 2024): Other processed food products. Furniture, lighting signs, prefabricated buildings ($13.04K in 2024): Manufactured goods for construction and home furnishing. Now, let's look at which states in the US can manufacture similar products, along with examples of companies: Oil seed, oleagic fruits, grain, seed, fruits: California: A major agricultural state producing a wide variety of fruits (almonds, walnuts, citrus, berries), nuts, and seeds. Examples include Blue Diamond Growers (almonds) and Wonderful Company (almonds, pistachios, citrus).   Iowa, Illinois, Indiana: Leading states in grain and oilseed production (soybeans, corn). Companies like Archer Daniels Midland (ADM) and Cargill process these commodities. Products of animal origin: Various states: Depending on the specific product, states with significant agriculture and livestock industries would be involved. For example, honey is produced in many states by smaller and larger beekeeping operations. Live animals: Texas, Kansas, Nebraska: Major states for livestock (cattle) production. Companies like Tyson Foods and JBS USA are involved in the broader animal agriculture industry.   Other states have various types of animal farming depending on the species (poultry in Georgia and Arkansas, etc.). Tanning, dyeing extracts, tannins, derivatives, pigments: North Carolina, South Carolina, Pennsylvania: These states have a history in textile and chemical manufacturing, which utilize dyes and pigments. Companies like Archroma (though a global company, it has US operations) are involved in producing specialty chemicals, including dyes.   Fish, crustaceans, molluscs, aquatics invertebrates: Alaska, Washington, Massachusetts, Louisiana: These coastal states have significant fishing industries. Companies like Trident Seafoods (Washington, Alaska) are major players in seafood harvesting and processing.   Coffee, tea, mate and spices: While coffee and tea are not grown commercially on a large scale in most of the US (Hawaii is an exception for coffee), many states have companies that roast, blend, and package these products. Examples include Starbucks (Washington) and Folgers (Louisiana). Spices are typically imported and then processed and packaged by companies like McCormick & Company (Maryland). Vegetable, fruit, nut food preparations & Miscellaneous edible preparations: California, Florida, Washington: States with significant fruit and vegetable processing industries. Companies like Del Monte Foods and Dole Food Company have operations in these areas. Many smaller food processing companies exist nationwide. Furniture, lighting signs, prefabricated buildings: North Carolina, Mississippi, California: These states have significant furniture manufacturing industries. Companies like Ashley Furniture and La-Z-Boy have production facilities in various states. Prefabricated buildings are manufactured in numerous states by companies specializing in modular construction.   It's important to note that while the US can manufacture similar types of goods to those imported from the Solomon Islands, the specific varieties, quality, and scale of production might differ significantly. The US often focuses on mass production and specific high-value crops or seafood.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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